Sentences with phrase «for lost tax»

We estimate an 800 billion SEK (120 billion USD) lower - bound estimate for the lost tax revenue from an early phase - out policy.

The county would compensate towns, villages and school districts for lost tax revenue as a result of the freeze, he said.

Among the items discussed were a task force to address the local concerns surrounding the closing, how local communities would be compensated for lost tax revenue as well as where replacement power would come from, Murphy and Galef said.

In addition to the aforementioned reasons (to finance governmental spending and make up for lost tax revenue), the Treasury has wanted to hold a more robust cash - balance position as a matter of prudent policy in order to protect against a potential interruption in market access.

Not exact matches

Individuals may also want to consider paying up their state income taxes this year, particularly if the deduction for those taxes is lost.

For fear of losing business, some lawyers are wary of referring clients to other attorneys, even if they have expertise in a particular area, such as tax law.

What remains to be seen is if the tax bill will end up being a better bet for Republicans than the health care bill was for Democrats — who lost control of Congress largely as a result.

Taxpayers are taking the bait and losing significant amounts of money, according to the Treasury Inspector General for Tax Administration.

«Although I don't subscribe to the view that the tax cuts pay for themselves,» he says, «there's considerable evidence to suggest that the increased investment they produce will generate extra revenues to offset a substantial share of those lost to the tax cuts.»

Philip Hochstein of the Independent Contractors and Businesses Association of B.C., for one, is reminding anyone who will listen that NDP governments raise taxes, enlarge government and generally cause investors to lose confidence.

Though most states theoretically require consumers to track and pay sales tax on purchases even if the tax isn't collected by the vendor, that rule has gone largely unenforced, leading to billions in lost revenue for cities and states.

The protesters argued that the city's lost tax revenue directly impacts funds for public programs for the indigent.

«It is a significant amount of income for a low - income family... losing that will definitely affect families,» Elaine Maag, a senior research associate at the non-partisan Tax Policy Center, told Business Insider.

TORONTO, Nov 9 - Canada's main stock retreated for a second straight day on Thursday as materials and financial shares lost ground and worries about the prospects of U.S. tax reform weighed on Wall Street.

For more guidance on strategies to gift your kids money, read up on how to pass along your cash without losing half of it to income taxes.

The Organization for Economic Cooperation and Development estimated that these kinds of profit - shifting practices amounted to about US$ 100 billion - US$ 240 billion in lost tax revenue each year, equivalent to up to 10 per cent of global corporate income tax revenue.

On an adjusted basis, excluding stock - based compensation, legal costs, taxes and depreciation, the company lost $ 2.2 billion for the full year.

That creates a lose - lose situation for Under Armour, where the retailer may be threatened by higher border taxes if Trump's agenda passes, but be stuck with high income taxes if it doesn't.

It may be that losing some of the entertainment - related expense deductions will be offset by reduced tax rates in case of corporations and the new 20 percent qualified business income deduction for pass - through entities.

In mid-January, a marketing research firm indicated that New Jersey lost approximately 10,000 millionaire households and speculated that the state's high tax rate for top earners may have led to the exodus.

Families must factor in the cost of care they will use, as well as the costs incurred while working — commuting costs, for example — and the additional taxes they will pay and benefits they may lose.

The Obama Administration is considering ways to close corporate tax loopholes and reclaim billions upon billions of dollars in lost taxes for the Treasury Department.

As one significant response, the Seattle City Council unanimously passed a new tax on income over $ 250,000 for an individual and $ 500,000 for a family to try to recover lost public income.

Special breaks for small business are politically popular but they have bad economic consequences since successful firms lose tax relief as they become larger».

Republicans, meanwhile, have argued that other changes in the tax bill would offset the loss of the medical expenses deduction for those who lose it.

The front page of Fridayâ $ ™ s National Post reported, «The Conservatives will encourage the five provinces that do not have harmonized sales taxes — Ontario, British Columbia, Saskatchewan, P.E.I. and Manitoba — to take part by setting up a $ 5 - billion trust fund that would compensate them for lost revenue over the phase - in period.»

While it's possible that the resulting economic development would make up for those losses, even 50,000 well - paying jobs might not make up for billions in lost tax revenue.

So, roughly speaking, workers will be better off (after accounting for their higher taxes that would eventually be necessary to replace JP Morgan's lost taxes) if Dimon decides to expand JP Morgan's U.S. workforce by 45,000 after getting a corporate tax cut.

I have roughly 80k in an after tax Vanguard account and after reading stories like yours I feel compelled to «search for unicorns» as you say... but I don't think I can stomach making an unwise / unlucky decision and losing everything!

For workers in the top tax brackets, you may lose more than 50 percent of your distribution to taxes and penalties.

It should be noted that a big part of the increase in Synovus is due to its shrinking provision for loan losses (what it expects to lose on the loans it makes); however, the bank did see its expenses fall by $ 50 million over the first nine months of the year and, in 2012, it actually realized a benefit of $ 2 million from taxes versus an expense of $ 72 million in 2013.

«Tax loss harvesting» is the name for the strategy of going through your taxable accounts and selling losing investments for the potential tax benefTax loss harvesting» is the name for the strategy of going through your taxable accounts and selling losing investments for the potential tax beneftax benefit.

It can tell you which funds cost too much for their output or which investments will lose too much to taxes.

If you haven't filed a federal income tax return in the past two years, or if your current income is significantly different from the income reported on your most recent federal income tax return (for example, if you lost your job or have experienced a drop in income), alternative documentation of your income will be used to determine your eligibility and calculate your monthly payment amount.

NFPs will lose their tax - exempt status if income is payable to or available for the benefit of members or shareholders, or if the entity has the ability to declare or pay dividends.

Lost in the headlines of the new tax law is how it substantially affects how the cost of fringe benefits is taxed for employers and employees — and few will be happy with these changes.

In addition, NFPs are in danger of losing their tax - exempt status if they are too financially successful and their accumulated profits go beyond what the CRA believes is required to operate the NFP or if such accumulated profits are for the purpose of funding future capital projects.

[fn.3] Since the starting point for many state income tax calculations is either federal adjusted gross income or federal taxable income, a dollar - for - dollar tax credit might lose the state revenue.

President Trump is starting to do the things that many of the people worried about before he got elected (tax reform convinced many that he would not ruffle markets): Amazon under pressure as the White House is Tweeting up a storm about the company ripping off the USPS and not paying enough taxes — Today, Pres Trump said the US is giving a subsidy to Amazon — He noted that the company has the money to pay for additional USPS shipping rates; — Commented that the post office continues to lose «billions» due to Amazon.

Compounded with increasing the cooperate tax rate, losing revenue neutrality is a competitive disadvantage for B.C.'s businesses including energy intensive trade exposed sectors.

That was the year that Puerto Rico lost its longstanding federal tax advantages as a location for US companies to do business in.

In Q1 2018, the Value & Opportunity portfolio lost -1,38 % (including dividends, no taxes) against -3,90 % for the Benchmark (Eurostoxx50 (Perf.Ind)(25 %), Eurostoxx small 200 (25 %), DAX (30 %), MDAX (20 %)-RRB-.

Variable annuities are long - term, tax - deferred investments designed for retirement, involve investment risks and may lose value.

First, the average annual tax drag for the five years ending December 2016 was material, as the chart below shows: An investor in non-tax-managed U.S. equity products (active, passive, ETFs) lost on average 1.53 % of their return to taxes in the five years ending December 31, 2016.

The Exchange went to his office to discuss what that means for tax reform and other issues, and why members of Congress could lose their jobs.

Churches that could not demonstrate that all monies charged were directly used to cover costs were in danger of losing their tax exempt status for the building.

Because they enjoy the «tax emempt» status that you would like to see the church lose, that's a pretty lucrative business where they spend 3 % of that money to perform abortions and 36 % is used for contraception.

The state lost tax revenue, and welfare costs for inmate - related families added still another layer of expenditures that governmental agencies had to build into their expanding criminal - justice budgets.

«The Internal Revenue Service today announced that approximately 275,000 organizations under the law have automatically lost their tax - exempt status because they did not file legally required annual reports for three consecutive years» (http://www.irs.gov/uac/IRS-Identifies-Organizations-that-Have-Lost-Tax-Exempt-Status%3B-Announces-Special-Steps-to-Help-Revoked-Organizations)

Companies that locate offshore to avoid U.S. taxes have not lost their freedom to bid for homeland security contracts paid for by taxes.